$1,000,000
499 South Farrell Drive, Palm Springs, California 92262, United States
Sunrise Park 3BR/3.5BA home with marble kitchen, private pool and 1‑BR casita
3
Beds
3.5
Baths
2,238
Sq Ft
1957
Built
0.23 acres
Lot
What stands out first at 499 South Farrell Drive is how the property reinterprets classic mid‑century character for today’s Palm Springs lifestyle: a renovated main house of 2,238 square feet anchored by a one‑bedroom, one‑bath casita, a private pool with water feature, and clear views of the nearby peaks. The plan opens toward the backyard, where a tile terrace and low‑maintenance desert landscaping create an easy indoor‑outdoor rhythm that’s perfect for both quiet mornings and lively gatherings.
The kitchen is a modern focal point — marble countertops meet high‑gloss custom cabinetry and double ovens, delivering both style and substance for everyday living or entertaining. Bathrooms were updated with glass‑tile showers and clean, contemporary finishes; a fireplace in the living area adds warmth and period charm. Thoughtful systems include central AC and forced‑air heating, and a foam roof was installed in prior renovations. The home has a circular driveway and abundant parking on the 0.23‑acre lot; note there is no attached garage.
Flexibility is a major advantage here. The private casita provides guest accommodations or rental potential, a compelling option in Sunrise Park where seasonal demand and proximity to downtown drive strong occupancy. Recent updates reduce near‑term maintenance needs, while mountain views from the living areas and the poolside patio remind you this is Palm Springs living at its best.
Located roughly 1.2 miles from Downtown Palm Springs and 1.5 miles from Palm Springs International Airport, the home balances neighborhood calm with immediate access to restaurants, galleries, and cultural events. Schools are all within a short drive, and Sunrise Park’s mid‑century framework gives this block a cohesive, established feel. The property was purchased in 2019 for $650,000 and has been thoughtfully renovated since — current market analyses place fair value near $1,000,000, reflecting strong appreciation in the area.
Buyers should note a few standard due‑diligence items: verify permits for recent renovations and the casita, confirm roof age and condition, and complete a professional inspection. With a smart combination of renovated interiors, a rentable casita, and a turn‑key backyard oasis, 499 South Farrell Drive offers a rare blend of investment flexibility and Palm Springs lifestyle.
Sunrise Park is one of Palm Springs’ established mid‑century neighborhoods, prized for its close‑in location and cohesive residential streetscapes. Residents benefit from easy access to Downtown Palm Springs’ restaurants, boutiques and galleries while enjoying quieter, tree‑lined blocks. Palm Springs International Airport and medical centers are minutes away, and local elementary, middle and high schools serve families within a short drive. The neighborhood’s blend of original mid‑century homes and thoughtful renovations attracts buyers seeking authentic style with contemporary comforts.
Sunrise Park is firmly favoring sellers right now. Inventory sits at approximately 2.5 months and average days on market near 30 — conditions that typically produce multiple‑offer scenarios for well‑priced, renovated homes. Median sale prices in the neighborhood are around $950,000, with recent comparable transactions for updated mid‑century properties ranging roughly $900K–$1.1M; those comps support a valuation midpoint near $1,000,000 (about $447/SF) for a home like this. Appreciation has been steady: roughly 5% year‑over‑year and about 25% over five years. Single‑family homes with upgrades and separate guest accommodations (like a casita) perform particularly well, appealing to primary buyers seeking move‑in readiness and to investors targeting short‑term or seasonal rentals — rental comps suggest monthly rates in the $3,500–$4,250 range, and estimated long‑term rent near $4,000/month. Low inventory and close proximity to downtown Palm Springs and the airport mean now is an advantageous window for sellers; for buyers, calibrated offers and preparedness to act quickly increase chances in this competitive market. As always, verify permitting history and roof condition during inspection given the home’s 1957 construction and recent renovation activity.
Katherine Finchy Elementary School
Elementary · 1.0 mi
Raymond Cree Middle School
Middle · 1.2 mi
Palm Springs High School
High · 0.9 mi
Good access to parks and downtown recreation: Sunrise Park is about 0.5 mile away and Downtown Palm Springs is 1.2 miles, providing frequent cultural events and outdoor gathering spots; the nearby airport also enables regional day‑trip opportunities.
499 South Farrell Drive is a 3-bedroom, 3.5-bathroom mid-century modern home built in 1957 with 2,238 SF of living space on a 0.23-acre lot in Palm Springs' desirable Sunrise Park neighborhood. The property includes a 1-bedroom, 1-bathroom casita, offering flexibility for guests or potential rental income. The open-concept floor plan features a renovated kitchen with marble countertops, high-gloss custom cabinetry, and double ovens, seamlessly connecting to the living area with mountain views. The outdoor space boasts a pool with a water feature, tile patio, and low-maintenance landscaping, creating a private oasis.
From a valuation perspective, comparable sales in Sunrise Park suggest a current fair market value of $950,000–$1,050,000, with a midpoint estimate of $1,000,000 ($447/SF). The property last sold in 2019 for $650,000, representing approximately 54% appreciation over 7 years. The current assessed value of $696,928 appears below market, which is common in rapidly appreciating neighborhoods.
Sunrise Park continues to be one of Palm Springs' most sought-after residential areas, with median home values up 25% over the past 5 years and average days on market of just 30 days. The neighborhood's proximity to downtown Palm Springs, offering dining, shopping, and entertainment, combined with nearby parks and schools, drives consistent demand from both primary residents and investors.
Overall, this property represents a solid value in a strong location with recent updates that reduce near-term maintenance risk. The inclusion of a casita provides additional flexibility for rental income or guest accommodations. Key due diligence items include verifying the age and condition of the roof, confirming any permitting for renovations, and reviewing local regulations regarding short-term rentals.
Renovated mid-century modern home in a prime Palm Springs neighborhood with a casita offering rental income potential. Strong appreciation trends and limited inventory suggest continued value growth.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$950K
Midpoint
$1000K
High
$1050K
$447/SF estimated price per square foot
Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 6 months. Adjusted for renovation quality, lot size, and bedroom count. Assessed value of $696,928 appears below market.
As of 2026-03-06
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Sunrise Park has seen steady appreciation over the past 5 years. Walkability Rating estimate: 65/100.
Proximity to downtown Palm Springs offers access to dining, shopping, and entertainment. Nearby parks and schools enhance the residential appeal.
Market data is based on aggregated public records and may not reflect real-time conditions.
Allowed Uses
$290/SF
Arm's length transaction
$228/SF
Arm's length transaction
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